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Business Developments & Projects

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Avenir’s LNG bunker vessel to go on multi-year charter to Italian energy major
Business Developments & Projects

Avenir’s LNG bunker vessel to go on multi-year charter to Italian energy major

UK-based midstream LNG & BioLNG company Avenir LNG has signed a time charter party (TCP) with LNG Shipping, a subsidiary of Italian energy major Eni, for one of its LNG bunker vessels. Under the multi-year deal, Eni will charter the 7,500 cubic meter (cbm) LNG bunker vessel Avenir Aspiration, commen

about 2 years ago
NoviOcean power plant that combines wave, wind and solar energy.
Business Developments & Projects

NoviOcean sets sights on equity crowdfunding campaign

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Swedish cleantech startup NoviOcean, formerly known as Novige, is gearing up to launch an equity crowdfunding campaign through R Europe, formerly Seedrs. This initiative will offer investors a chance to acquire equity in the company as it drives forward the commercialization of sustainable wave powe

about 2 years ago
Gasum partners with Wasaline to build commercial FuelEU Maritime pooling service
Business Developments & Projects

Gasum partners with Wasaline to build commercial FuelEU Maritime pooling service

Nordic energy company Gasum has joined forces with Finnish shipping company Wasaline to build the first large-scale commercial FuelEU Maritime pooling service, providing a way for conventional fuel vessels to save on compliance costs as the regulation enters into force in January 2025. Established t

about 2 years ago
AHTS Njord Viking; Source: Viking Supply Ships
Business Developments & Projects

Vessel quartet gearing up for $50 million crane upgrades to enhance subsea work

Viking Supply Ships will upgrade its fleet of ice-classed anchor handling tug supply (AHTS) vessels with the installation of four 100-ton heave-compensated offshore cranes.

about 2 years ago
GTT receives stamps of approval for multifuel-ready technology and new LNG carrier design
Business Developments & Projects

GTT receives stamps of approval for multifuel-ready technology and new LNG carrier design

French technological containment specialist Gaztransport & Technigaz (GTT) has obtained five approvals in principle (AiPs) for advancements in its Mark III multifuel-ready membrane containment system and the new 200,000 cubic meter (cbm) LNG carrier concept. The approvals were issued by classificati

about 2 years ago
Longship CCS value chain; Source: Northern Lights
Business Developments & Projects

Norway’s $2.8 billion full-scale carbon capture transport and storage project close to crossing the finish line

The Norwegian government has made room in its 2025 budget for a multimillion-dollar investment destined to be injected into its carbon capture and storage (CCS) project, described as a full-scale CO2 capture, transport, and storage development in line with the country’s international climate agreeme

about 2 years ago
The University of Bergen has been granted funding to upgrade the Ægir 6000 deep-sea remotely operated vehicle (ROV), designed for marine research, and associated infrastructure. This upgrade aims to e
Business Developments & Projects

Norway’s deep-sea remotely operated vehicle secures funding for upgrade

The University of Bergen has been granted funding to upgrade the Ægir 6000 deep-sea remotely operated vehicle (ROV), designed for marine research, and associated infrastructure. This upgrade aims to ensure continued reliability, add new functionality, and improve operational efficiency. Since its 20

about 2 years ago
Finland-Estonia green shipping corridor gains momentum
Business Developments & Projects

Finland-Estonia green shipping corridor gains momentum

The FIN-EST Green Corridor, a collaborative initiative between Finland and Estonia aimed at creating a sustainable and climate-neutral maritime corridor in the Gulf of Finland, has approved 19 joint projects that seek to reduce the carbon footprint of ferry journeys between the two countries. The in

about 2 years ago
Europe-owned vessel brings in cable from South Korea to Senegal for two links
Business Developments & Projects

European JV-owned vessel brings in cable from South Korea to two Senegalese links

A cable-laying vessel (CLV) owned by a joint venture of UK’s Enshore Subsea and Belgian Herbosch-Kiere has brought 31 kilometers of subsea cable to the project site of two links that are part of a program that aims to revolutionize Senegal’s power infrastructure and provide sustainable electricity t

about 2 years ago
Jumbo
Business Developments & Projects

Jumbo installs ‘first’ wind-assisted propulsion systems on heavy lift vessel

Dutch heavy-lift shipping and offshore transport company Jumbo has completed the installation of two mechanical sails onboard its 13,000 dwt heavy lift vessel (HLV) Jumbo Jubilee.

about 2 years ago
Bassadone’s new shipping venture to propel Peninsula’s fleet modernization with ‘ultra-spec’ methanol-ready tankers
Business Developments & Projects

Bassadone’s new shipping venture to propel Peninsula’s fleet modernization with ‘ultra-spec’ methanol-ready tankers

Hercules Tanker Management (HTM), a shipping venture formed by John A. Bassadone, founder and CEO of marine fuels company Peninsula, is expanding its fleet with four new ‘ultra-spec’ tankers capable of supplying methanol and 100% biofuel, with deliveries set to begin in the second quarter of 2025. S

about 2 years ago
HHLA
Business Developments & Projects

MSC becomes co-owner of HHLA after EU okays acquisition

The European Commission has given the green light to MSC Mediterranean Shipping Company, the world’s largest container shipping company, to officially enter into the ownership structure of Germany’s logistics company Hamburger Hafen und Logistik Aktiengesellschaft (HHLA).

about 2 years ago
Worley to provide pre-FEED for Uniper’s e-methanol facility in Sweden
Business Developments & Projects

Worley to provide pre-FEED for Uniper’s e-methanol facility in Sweden

Worley has entered into an agreement with Liquid Wind to provide pre-FEED for Uniper’s NorthStarH2 e‑methanol facility in Östersund, Sweden.

about 2 years ago
UK-based tidal energy company Proteus Marine Renewables (PMR) has had its cost reduction projections validated with the European Investment Bank (EIB), confirming that the levelized cost of energy (LC
Business Developments & Projects

Proteus Marine Rewables’ tidal energy system on track to slash costs, EIB confirms

UK-based tidal energy company Proteus Marine Renewables (PMR) has had its cost reduction projections validated with the European Investment Bank (EIB), confirming that the levelized cost of energy (LCoE) reduction forecasts for its AR3000 tidal energy system are achievable. The independent report,

about 2 years ago